Why is Brent (COIL) and Nymex (WTI) crude priced the same? I thought WTI was slightly sweeter and therefore always had a price premium? Looking at WTI and COIL or QM on IPE - April contracts are trading within pennies of each other ... they seemed almost Arb'd?
Got raped today, the only good thing coming outta it is that I get the weekend to think things over...
Best CL play here: wait for small specs to sell this "bear market rally" on Monday; then short CLJ6 puts. Big spec won't go long on this news, but big spec--along with commercial hedgers--will scale out of short positions.
Nigeria.. the militants said they will attack again and soon (that was a day ago) prices are going to drop unless something else is blown up.. sad thing is.. something probably will.
Ok, but for people of limited financial means, would be safer to pay that premium especially if it's going to 72